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Cancelling loan from bank after sign offer letter, S&P haven't sign. Any penalty?
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MaiGehGeh
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 Aug 23 2011, 05:55 PM
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QUOTE(trinityz @ Aug 23 2011, 05:49 PM) Hi, Is there any penalty if we were to cancel the loan after signing the offer letter from bank? It's Maybank to be precise. S&P haven't sign yet. Yes you can do it.... as long as the loan agreement yet to sign. Maybank ? all i can said are , all bank had thier pros and cons. and different people have different point of view. Take it easy . |
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MaiGehGeh
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Aug 23 2011, 06:13 PM
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QUOTE(trinityz @ Aug 23 2011, 06:05 PM) oh, does that mean the loan cancellation will be reflected in CCRIS too? Once you applied for your loan it will automatic reflected in CCRIS. Example 3 bank you applied , 3 also approved and it will sure reflected in CCRIS. No matter you sign or no sigh the LO. and you can cancel if you dont like the service or package of maybank. as long as u dont sign the loan agreement from lawyer. the officer sure tell you submit already and cannot cancel + blah blah........ ( u know they need to hit target and earn thier commision so on ) . anyhow, you can cancel. For more info you should refer back to the S&P lawyer. he can clear all ur question. just my 1 cent This post has been edited by MaiGehGeh: Aug 23 2011, 06:15 PM |
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